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Nigerian interbank lending rates rose by about 100 basis points this week, to an average of 12.5 per cent, as dollar sales by the state-owned energy firm NNPC and treasury bills sapped naira liquidity. The NNPC sells the bulk of dollars traded on the i...
When the Bankers’ Committee last year November announced the withdrawal of the N100 Automated Teller Machine (ATM) charge there was widespread jubilation over what many said was the removal of a big burden from the shoulders of bank customers. Bu...
Recent development at the Nigerian Stock Exchange suggests that investors are currently responding to experts’ advice that in the event of a meltdown in the prices of shares, investors need to invest in the market despite recurrent losses in rece...
Key operators in the Nigerian capital market have agreed that the market making process introduced in the stock market recently has boosted liquidity in trading activities. The Chartered Institute of Stockbrokers (CIS) said there is still lots of gap i...
The federal government has been urged to give the necessary support to the microfinance banks in the country with a view to alleviating poverty among the people, especially the rural dwellers. The Mananging Director/Chief Executive Officer of the Mains...
The Managing Director of Bank of Industry (BOI), Ms Evelyn Oputu, has said that there was need for adequate funding for gender sensitive programmes as women empowerment was very vital for any meaningful economi...
Small and Medium Entrepreneurs (SME’s) have sought the intervention of government to help increase their capacity so that the sector could connect resourcefully in export of their products to heighten governments non-oil sector export drive. At t...
The electricity workers’ union under the aegis of National Union of Electricity Employees (NUEE) and Senior Staff Association of Electricity and Allied Companies (SSAEAC) have said that they would not accept the takeover of any PHCN facility by t...
The Nigeria Extractive Industries Transparency Initiative (NEITI) and the appointed auditors for the proposed audit of all revenues and disbursements of allocated funds to entities involved in the extractive industries are billed to meet this wee...
Prison inmates in Zamfara Medium prison last weekend averted what could have been a major prison break by 10 inmates in the early hours of Sunday. LEADERSHIP learnt that the prison atmosphere became chaotic when some of the inmates raised the alarm tha...
Some elders of the Peoples Democratic Party (PDP ) in Adamawa State say the current impasse in the party is a creation of the governors in a bid to enthrone one of theirs as a presidential candidate come 2015. At a press briefing in Abuja, the elders s...
MultiChoice Nigeria, has disclosed plans to roll out more MultiChoice Resource Centre (MRC) in public schools across the country. The MRC, which is an audio-visual teaching and learning aid for teachers and students in Secondary Schools is a Corporate ...
The sole administrator of Ajaokuta Steel Company Limited (ASCL)Engr. Joseph Isah Onobere has urged the Federal Government to muster the political will to put the company to use as it has the potential to generate 15,000 direct employment even as ...
The authorities of the Nigeria Security and Civil Defence Corps, (NSCDC) has dissociated itself from the various internet sites designed with its logo by criminal elements, with the sole aim of defrauding unsuspecting and desperate applicants see...
Falling in love can be wonderful in this new year. A lot of relationships are bound to be formed. Blessing Ukemena writes on the process of falling in love. For some people, it happens in a week; for others, a year. But no matter the speed, everyone go...